Member Sign In

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.

If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.

T. Rowe Price's CEO Earns $9.08 Million in the First Year

William J. Stromberg, Chief Executive Officer (CEO) of T. Rowe Price Group Inc.(TROW - Free Report) ,received a 7.5% hikein his compensation in 2016. His annual salary rose to $9.08 million from$8.4 million in the previous year when he was global equity and global equity research chief, according to a proxy statement filed by the company.

The CEO’s compensation for 2016 consists of $350 million base salary. Also, it includes $1.8 million as stock awards and $6.85 million as T. Rowe’s non-equity incentive plan.However, contrary to last year, he did not receive option awards in 2016.

The company said that it offered equity in the form of restricted stock units in the place of stock options to its employees in 2016. The main reason for this is to link employee’s compensation to the company’s performance.

The pay raise of the CEO primarily came on the back of the company’s financial performance in 2016. The company’s earnings per share increased 2.6% from 2015. Moreover, T. RowePrice reported rise in assets under management of more than 6%. However, the net revenue remained stagnant in 2016.

PNC Financial’s current-year earnings estimates have been revised 2% upward over the last 60 days. The company’s share price increased 13%, over the last one year.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>

William J. Stromberg, Chief Executive Officer (CEO) of T. Rowe Price Group Inc. (TROW - Free Report) , received a 7.5% hike in his compensation in 2016. His annual salary rose to $9.08 million from $8.4 million in the previous year when he was global equity and global equity research chief, according to a proxy statement filed by the company.

The CEO’s compensation for 2016 consists of $350 million base salary. Also, it includes $1.8 million as stock awards and $6.85 million as T. Rowe’s non-equity incentive plan. However, contrary to last year, he did not receive option awards in 2016.

The company said that it offered equity in the form of restricted stock units in the place of stock options to its employees in 2016. The main reason for this is to link employee’s compensation to the company’s performance.

The pay raise of the CEO primarily came on the back of the company’s financial performance in 2016. The company’s earnings per share increased 2.6% from 2015. Moreover, T. Rowe reported rise in assets under management of more than 6%. However, the net revenue remained stagnant in 2016.

PNC Financial’s current-year earnings estimates have been revised 2% upward over the last 60 days. The company’s share price increased 13%, over the last one year.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

Resources

Client Support

Follow Us

Zacks Moblie App

Zacks Research is Reported On:

Yahoo

MSN

Marketwatch

Nasdaq

Forbes

Investors.com

Morningstar

Copyright 2018 Zacks Investment Research

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +25% per year. These returns cover a period from 1988-2017. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zack Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Visit performance for information about the performance numbers displayed above.